Algeria’s gas exports to Italy through the giant ENI company noticed a frightening decline during 2019, according to data of the Italian ENI, as it collapsed by almost half, reaching 44.6%.
In the context, the financial outcome of the Italian company “ENI” for the year 2019, which copy is available to Echorouk, shows that Algeria exported quantities of gas to the Italian company, which amounted to only 6.6 billion cubic meters during the past year, including the quantities of liquefied natural gas “GNL”.
In a simple comparison with the year 2018, it is clear that Algerian exports tumbled in an unprecedented manner, as the quantities exported were around 12.02 billion cubic meters, while in the previous year, 2017, they reached about 13.18 billion cubic meters.
According to the same data, the rate of decline in Algerian gas exports for the benefit of the largest Italian importer of gas from Algeria (ENI) reached 44.6%, while the decrease according to quantity was estimated at -5.36 billion cubic meters.
Despite this decline in Algerian gas exports by the largest importer in Italy, Algeria (Sonatrach) remained the second supplier of gas for Eni, behind Russia, which topped the list with amounts reaching to 24.71 billion cubic meters.
Algeria’s exports of gas to “Eni” represented 9% of the total of this company’s import, while Russia represented 35%, which clearly shows the size of the decline, given that Algeria exported, since a decade ago, only a third of the Italian gas needs by counting the rest of the Italian importers for Algerian gas (Eni, Enal, and Edison).
These figures confirm the official Algerian statements that were made by the Energy Minister, Mohamed Arkab, weeks ago when he asserted that the warm winter during 2019 in Europe led to the decrease of Algeria’s exports by 22%.